Mr Coupe, boss of the UK's second-largest supermarket chain, urged the government to undertake a wide-ranging review of the way businesses are taxed, highlighting changes in retailing culture.

Mr Coupe said: "The way it currently stands, there is an advantage for those without bricks and mortar operations, so there's a strong case for a level playing field in business rates and taxation more generally.

"Businesses like ours with lots of property and employees face a bigger burden than others."

Referring to the revaluation plans, he said: "As it stands, we could see High Streets face serious challenges and ultimately more closures.

"It could impact investment in places that most need it, in areas of the country where there is already a marginal call on investment."

How are business rates calculated?

Rates are calculated by multiplying the rateable value of a property by a multiplier set by the government. But as property values change over time, rateable values need to be reassessed periodically - usually every five years.

However, this update to property values is two years behind schedule, making it a harder pill to swallow in areas where the price of real estate has been rising.

According to analysts, Sainsbury's will see its annual rates rise to £500m, up from £483m, while internet giant Amazon will see its bill cut.

Rate increases could also hit NHS hospitals in some areas, as well as pubs and hotels.

Image copyrightSainsbury's/PAImage caption
Mr Coupe has joined the growing row over April's revaluation